U S Global Investors Inc. Makes New Investment in Hecla Mining Company $HL

U S Global Investors Inc. acquired a new stake in Hecla Mining Company (NYSE:HL) in the first quarter, Holdings Channel reports. The fund acquired 75,000 shares of the basic materials company’s stock, valued at approximately $1,397,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its position in Hecla Mining by 14.8% in the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock valued at $417,278,000 after purchasing an additional 4,453,706 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hecla Mining by 38.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock valued at $284,651,000 after purchasing an additional 6,472,566 shares in the last quarter. Tidal Investments LLC raised its holdings in Hecla Mining by 14.7% during the second quarter. Tidal Investments LLC now owns 20,118,397 shares of the basic materials company’s stock worth $120,509,000 after buying an additional 2,574,855 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hecla Mining by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock worth $319,000,000 after buying an additional 1,770,949 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Hecla Mining by 86.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock valued at $244,003,000 after buying an additional 5,906,313 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Up 0.1%

NYSE HL traded up $0.01 on Friday, reaching $15.80. The company had a trading volume of 20,577,927 shares, compared to its average volume of 30,802,052. The stock has a market capitalization of $10.60 billion, a P/E ratio of 38.54 and a beta of 1.29. The company’s fifty day moving average is $16.67 and its 200 day moving average is $19.80. Hecla Mining Company has a 52-week low of $5.62 and a 52-week high of $34.17. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The firm had revenue of $411.43 million for the quarter, compared to analysts’ expectations of $407.63 million. During the same period in the prior year, the firm earned $0.04 earnings per share. Hecla Mining’s revenue was up 57.4% compared to the same quarter last year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given a dividend of $0.0038 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) is presently 2.44%.

Wall Street Analyst Weigh In

HL has been the subject of a number of analyst reports. Canaccord Genuity Group upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, HC Wainwright cut their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $24.79.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.